Core Viewpoint - Jilin Huamei Electronics Co., Ltd. has successfully resolved part of its risk warnings related to non-operating fund occupation, but it continues to face delisting risk warnings and other risk warnings due to unresolved issues in its financial reporting [1][2][3] Group 1: Risk Warnings - The company received a delisting risk warning due to its 2024 financial report being issued with an audit report that could not express an opinion [2][3] - The company is also under other risk warnings because of a negative opinion on its internal controls for the 2024 fiscal year [2][3] Group 2: Resolution of Certain Risks - The company has cleared all non-operating fund occupation issues, recovering a total of 1,566.9589 million yuan from Shanghai Pengsheng Technology Industrial Co., Ltd. and its affiliates [1][3] - The company applied to the Shanghai Stock Exchange on August 18, 2025, to revoke the corresponding other risk warnings, which was approved on August 22, 2025 [2][3] Group 3: Current Status - Despite the resolution of certain risk warnings, the company's stock will continue to be subject to delisting risk warnings and other risk warnings, with a trading limit of 5% on daily price fluctuations [2][4] - The company's operations are reported to be normal, and it will continue to disclose relevant updates as required [4]

证券代码：600360 证券简称：*ST 华微 公告编号：2025-067 吉林华微电子股份有限公司关于撤销部分其他风险警示 暨继续被实施退市风险警示及其他风险警示的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 根据北京国府嘉盈会计师事务所（特殊普通合伙）出具的《关于吉林华微 电子股份有限公司关联方非经营性资金占用清偿情况的专项审核报告》（国府专 审字（2025）第 01010045 号），确认吉林华微电子股份有限公司（以下简称"公 司"）已按中国证券监督管理委员会吉林监管局下发的《关于对吉林华微电子股 份有限公司、上海鹏盛科技实业有限公司采取责令改正措施的决定》（吉证监决 〔2025〕4 号）的要求，清收了全部被上海鹏盛科技实业有限公司（以下简称 "上海鹏盛"）及其关联方占用资金及利息合计 156,695.89 万元，完成了非经营 性资金占用问题的整改。公司因原控股股东及其关联方非经营性资金占用而触及 的其他风险警示情形已经消除。根据《上海证券交易所股票上市规则》（以下简 称"《股票上市规则》"）的相 ...

Group 1 - The semiconductor sector in the A-share market has shown strong performance, with notable increases in stock prices for several companies [1] - Chipone Technology (688521) saw a significant rise of 15.86%, with a total market capitalization of 77.5 billion and a year-to-date increase of 181.27% [2] - Aiwei Electronics (688798) increased by 13.02%, with a market cap of 21.4 billion and a year-to-date rise of 32.40% [2] Group 2 - Other companies such as Shengke Communication (688702) and Chengdu Huamei (688709) experienced gains of 8.76% and 8.35% respectively, with market caps of 41.2 billion and 24.7 billion [2] - Nanchip Technology (688484) rose by 7.99%, with a market cap of 21.1 billion and a year-to-date increase of 38.41% [2] - The overall trend indicates a positive momentum in the semiconductor sector, supported by the formation of MACD golden cross signals [1]

Market Overview - Major market indices opened lower, with the Shanghai Composite Index down 0.28% at 3716.68 points, the Shenzhen Component Index down 0.61% at 11749.99 points, and the ChiNext Index down 1.14% at 2572.01 points [1]. Stock Performance - A total of 1167 stocks rose at the opening, with newly listed stock N Hongyuan surging 305.67% at the open. There were 9 stocks hitting the daily limit up, including *ST Aowei with 11 consecutive limit ups, Kosen Technology with 4 consecutive limit ups, and ST Dongshi with 3 limit ups in 4 days [1]. - Conversely, 3502 stocks opened lower, with 2 stocks, *ST Gaohong and *ST Nanzhi, hitting the daily limit down [1]. Price Continuity - Among the stocks that hit the limit up yesterday, those that continued to hit the limit up today included Kosen Technology and Shimao Energy, totaling 6 stocks. Stocks that opened lower included Zhongheng Electric, Haili Shares, and Jimin Health, with declines of 8.29%, 5.52%, and 5.19% respectively [1]. - Stocks that hit the limit down yesterday and continued to do so today included *ST Gaohong and *ST Nanzhi [1].

Core Viewpoint - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation, aiming to enhance corporate governance and mitigate risks of delisting [1][7]. Summary by Relevant Sections Regulatory Changes - The China Securities Regulatory Commission (CSRC) issued opinions on strict enforcement of delisting systems, with stock exchanges revising delisting rules to include fund occupation as a reason for delisting [1][7]. - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues through various means, recovering over 8 billion yuan [7]. Company Cases - On August 18, 2023, two companies, ST Dongshi and *ST Huamei, announced the completion of their fund occupation rectification, allowing their stocks and convertible bonds to resume trading [2][5]. - ST Dongshi's controlling shareholder and related parties resolved a fund occupation of 3.87 billion yuan through compensation agreements and debt transfer with restructuring investors [4][3]. - *ST Huamei's controlling shareholder returned a total of 15.67 billion yuan, including interest, by transferring all shares and using dividend payments to settle the occupied funds [5][4]. Impact of New Regulations - The new delisting regulations have created a strong deterrent effect, prompting companies to clear large amounts of occupied funds before the deadline [6][2]. - The emphasis on timely rectification under the new rules has proven effective in urging controlling shareholders to repay debts [6][7]. Future Directions - The CSRC plans to enhance corporate governance rules and increase penalties for financial misconduct, aiming to strengthen the role of independent directors and encourage institutional investors to exercise their rights [8][9]. - Experts suggest a multi-faceted approach to further address fund occupation issues, including improving governance, monitoring fund flows, and enforcing stricter penalties for violations [9][8].

Group 1 - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation in key areas [1][7] - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues, recovering over 8 billion yuan [1][7] - The new delisting regulations include fund occupation as a reason for delisting, aiming to address non-operational illegal fund occupation in the A-share market [2][6] Group 2 - ST Dongshi and *ST Huamei completed their fund occupation rectification, recovering a total of 19.54 billion yuan [2][4] - ST Dongshi's controlling shareholder used various methods, including debt compensation and equity transfer, to clear 3.87 billion yuan of non-operational fund occupation [3][4] - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through share transfer and dividend compensation [4][6] Group 3 - The new delisting rules have created a strong regulatory deterrent, prompting companies to clear large amounts of occupied funds before deadlines [6][8] - Regulatory authorities are committed to improving corporate governance rules and increasing penalties for illegal activities [8][9] - Suggestions for further addressing fund occupation issues include enhancing governance, monitoring fund flows, and implementing stricter approval processes for related transactions [9]

Core Viewpoint - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation, with a focus on the implementation of delisting rules to address non-operational fund occupation issues in listed companies [1][5][6]. Summary by Relevant Sections Regulatory Changes - The China Securities Regulatory Commission (CSRC) issued opinions on strict enforcement of delisting systems, with the Shanghai and Shenzhen Stock Exchanges revising delisting rules to include fund occupation as a delisting condition [1][6]. - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues through various means, recovering over 8 billion yuan [1][6]. Company Actions - On August 18, 2023, ST Dongshi and *ST Huamei announced the completion of their fund occupation rectification, allowing their stocks and convertible bonds to resume trading [1][4]. - ST Dongshi's controlling shareholder and related parties repaid 1.954 billion yuan through investor compensation and equity transfer [1][3]. - *ST Huamei's controlling shareholder repaid 1.567 billion yuan, including 110.593 million yuan through dividend compensation and 1.556 billion yuan from the sale of all shares [1][4]. Impact of New Regulations - The new delisting rules have created a strong regulatory deterrent, compelling companies to clear large amounts of occupied funds before the deadline [5][6]. - The cases of ST Dongshi and *ST Huamei demonstrate the effectiveness of the "strict delisting for non-compliance" policy in urging controlling shareholders to repay debts [5][6]. Future Directions - The CSRC plans to enhance corporate governance rules and increase penalties for financial misconduct, aiming to improve the effectiveness of independent directors and encourage institutional investors to exercise their rights [7][8]. - Experts suggest a multi-faceted approach to prevent fund occupation, including improving corporate governance, enhancing monitoring systems, and implementing strict penalties for actual controllers [8].

Core Viewpoint - Jilin Huamei Electronics Co., Ltd. is facing delisting risk warnings due to an audit report for the 2024 fiscal year that was unable to express an opinion, alongside other risk warnings related to internal control issues and non-operating fund occupation [2][4][8]. Group 1: Delisting Risk Warning - The company's stock is subject to delisting risk warnings as the 2024 financial report received an audit report that could not express an opinion, in accordance with the Shanghai Stock Exchange listing rules [2][4]. Group 2: Other Risk Warnings - On May 6, 2024, the company was issued other risk warnings due to a negative audit opinion on its internal controls for the 2023 fiscal year, which continued on May 6, 2025, for the 2024 fiscal year [2][5][8]. - On January 25, 2025, the company faced additional risk warnings due to non-operating fund occupation exceeding 5% of the latest audited net assets, amounting to over 10 million [5][8]. Group 3: Measures and Progress - As of August 15, 2025, the company successfully recovered all funds and interest totaling 1.56695 billion from Shanghai Pengsheng Technology Industrial Co., Ltd. and its affiliates, addressing the non-operating fund occupation issue [3][7]. - The company has applied to the Shanghai Stock Exchange to revoke the other risk warning related to non-operating fund occupation, pending approval [7][9]. - The company is committed to enhancing internal controls and compliance with relevant laws and regulations to promote stable and sustainable development [8].

Core Viewpoint - Two companies, ST Dongshi and *ST Huamei, have resolved their financial misconduct issues by repaying a total of 19.54 billion yuan, thus eliminating the risk of delisting [2][5]. Group 1: Company Actions - ST Dongshi's controlling shareholder and related parties used various methods to repay approximately 3.87 billion yuan of non-operating funds, completing the repayment before the deadline [3][4]. - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through a combination of dividend payments and the sale of all shares [5][6]. Group 2: Regulatory Context - The new delisting regulations emphasize the importance of internal controls and impose strict deadlines for companies to rectify financial misconduct, effectively deterring large shareholders from misappropriating funds [2][6]. - Since the implementation of the new delisting rules, a total of eight companies have resolved their financial misconduct issues, recovering over 80 billion yuan [6][7]. Group 3: Expert Opinions - Experts suggest that the new regulations have effectively prompted companies to clear their debts before the deadline, indicating a positive impact on corporate governance [5][6]. - Recommendations for further improvement include enhancing monitoring systems for fund flows, strengthening the responsibilities of intermediaries, and implementing stricter approval processes for related transactions [7][8].

Core Viewpoint - Both *ST Huamei and ST Dongshi have completed the rectification of fund occupation and will resume trading on August 19, 2023 [2][3] Group 1: *ST Huamei - On February 12, 2025, *ST Huamei received a directive from the China Securities Regulatory Commission requiring the recovery of 149,067.82 million yuan of occupied funds within six months [2] - Due to failure to complete the rectification before the deadline, *ST Huamei's stock was suspended from trading on August 13, 2023 [2] - The company has received a total of 156,695.89 million yuan from Shanghai Pengsheng, which includes all occupied funds and interest [3] Group 2: ST Dongshi - ST Dongshi resolved its fund occupation issue through compensation from its controlling shareholder and related parties, totaling 387,344,487.68 yuan, resulting in a zero balance for occupied funds [3][4] - On August 14, 2023, ST Dongshi signed a compensation agreement with restructuring investors to clear non-operating fund occupations amounting to 337,486,717.76 yuan [4] - The company also executed a debt transfer agreement for 49,857,769.92 yuan related to non-operating fund occupation with its controlling shareholder's related party [4] Group 3: Regulatory Context - In April 2024, the CSRC issued new regulations that include stricter delisting standards for companies with significant fund occupation issues [5] - Companies with non-operating fund occupations exceeding 200 million yuan or 30% of net assets must repay within six months to avoid delisting procedures [5] - Other companies, such as ST Xintong and Zhongli Group, have also resolved fund occupation issues through various means, including cash repayment and bankruptcy restructuring [5]